Hey Geno,

Fifth Third (aka My Bank) has a similar program. The difference is that we do have PMI, while I believe, in the times I've competed against Bank of America's "Doctor" program, they charge a higher rate but don't have MI.

Your clients need to look at how long they are going to have the loan and when they anticipate getting to the 80% mark. That will help determine whether it's better to take a higher rate and no MI or a lower rate and MI.

If I can help further, let me know.

Tom
Tom Vanderwell | Homepage | 09.16.08 - 7:43 am | #